English, Article, Journal or magazine article edition: External vs. internal learning-by-doing in an R&D based growth model Andreas Hornstein; Dan Peled

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Bookmark: http://trove.nla.gov.au/version/74772
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • External vs. internal learning-by-doing in an R&​D based growth model
Author
  • Andreas Hornstein
  • Dan Peled
Physical Description
  • preprint
Notes
  • In an economy where growth is determined by the interaction of R&​D and learning-by-doing (LBD), changes of factors that stimulate either one of these activities affect growth differently than in an economy where growth is determined by either R&​D or LBD alone. In particular, when firms anticipate that R&​D for new types of goods threatens the future efficiency gains which they derive from LBD, a more efficient learning process or a larger workforce might reduce rather than increase the growth rate on a balanced growth path.
  • RePEc:fip:fedrwp:98-01
Language
  • English
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